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Haldex AB (HLDX.ST)

HLDX.ST on Stockholm Stock Exchange

61.80SEK
22 Mar 2019
Change (% chg)

-1.70kr (-2.68%)
Prev Close
63.50kr
Open
63.30kr
Day's High
64.00kr
Day's Low
61.40kr
Volume
55,678
Avg. Vol
46,900
52-wk High
98.00kr
52-wk Low
60.30kr

Latest Key Developments (Source: Significant Developments)

Haldex Q4 Operating Result Swings To Loss SEK Of 12 Mln
Thursday, 14 Feb 2019 

Feb 14 (Reuters) - Haldex Ab ::HALDEX ANNUAL STATEMENT, JANUARY - DECEMBER 2018: STRONG SALES GROWTH AND IMPROVED EARNINGS PER SHARE DESPITE WEAK END TO THE YEAR.PROPOSES TO ANNUAL GENERAL MEETING A DIVIDEND OF SEK 1.15 (0.55) PER SHARE.MARKET IN NORTH AMERICA IS EXPECTED TO CONTINUE TO GROW IN 2019.Q4 NET SALES SEK 1.23 BILLION VERSUS SEK 1.05 BILLION YEAR AGO.NORTH AMERICAN MARKET CAN FLUCTUATE RAPIDLY, AND IT IS DIFFICULT TO ASSESS WHETHER GROWTH WILL LAST ENTIRE YEAR.ASSESSMENT THAT SALES WILL INCREASE IN NORTH AMERICA, WHICH WILL BE OFFSET BY UNCHANGED OR LOWER SALES IN OTHER REGIONS.SALES IN 2019 ARE EXPECTED TO BE IN LINE WITH 2018..Q4 OPERATING LOSS SEK 12 MILLION VERSUS PROFIT SEK 33 MILLION YEAR AGO.  Full Article

Haldex Starts Concept Phase With Brake Solutions For Autonomous Vehicles
Thursday, 14 Feb 2019 

Feb 14 (Reuters) - Haldex Ab ::HALDEX HAS INITIATED A CONCEPT PHASE WITH BRAKE SOLUTIONS FOR AUTONOMOUS VEHICLES WITH WORLD-LEADING TRUCK MANUFACTURER.HALDEX HAS BEEN SELECTED TO START A CONCEPT PHASE WHERE HALDEX'S SOLUTION "SCALABLE BRAKE SYSTEM" WILL BE EVALUATED.HAS BEEN SELECTED TO START A CONCEPT PHASE, WHICH IS EXPECTED TO LEAD TO A DEVELOPMENT CONTRACT AT END OF YEAR..HALDEX - DEVELOPMENT CONTRACT MEANS THAT MANUFACTURER AND HALDEX IN CLOSE COLLABORATION WILL DEVELOP A SOLUTION THAT IS EXPECTED TO GO INTO PRODUCTION 4-5 YEARS LATER.  Full Article

Haldex Streamlines Operations
Thursday, 14 Feb 2019 

Feb 14 (Reuters) - Haldex Ab ::HALDEX STREAMLINES OPERATIONS TO REACH THE LONG-TERM OPERATING MARGIN OBJECTIVE.OPERATIONS WILL BE STREAMLINED AND OPTIMIZED WITH AIM OF REACHING A 10 PER CENT OPERATING MARGIN IN 2022.OPERATING MARGIN OF 10 PER CENT, EXCLUDING INVESTMENTS IN NEW TECHNOLOGY, EXPECTED TO BE ACHIEVED IN 2022.IS ANALYZING ITS BUSINESS TO VERIFY THAT LONG-TERM OBJECTIVE OF A 10 PERCENT OPERATING MARGIN CAN BE ACHIEVED.LONG-TERM OPERATING PROFIT TARGET OF 10 PER CENT..LONG-TERM GOAL HAS BEEN TIMED TO 2022.  Full Article

Haldex Q3 operating profit rises sharply, keeps 2018 outlook
Thursday, 25 Oct 2018 

Oct 25 (Reuters) - Haldex AB ::HALDEX INTERIM REPORT, JANUARY - SEPTEMBER 2018: CONTINUED IMPROVEMENT IN NET SALES AND EARNINGS.Q3 NET SALES, SEK M 1,270 (1,081).Q3 OPERATING INCOME, SEK M 79 (48).SAYS OUTLOOK FOR 2018 HAS NOT CHANGED.SAYS WE BELIEVE THAT NET SALES FOR 2018 WILL INCREASE COMPARED TO 2017.SAYS COSTS FOR A HIGHER RATE OF INVESTMENT IN DEVELOPMENT PROJECTS AND COSTS FOR EXPANSION IN NORTH AMERICA AND CHINA WILL BURDEN INCOME.SAYS IN Q4, INCREASE IN MATERIAL COST AND TARIFFS WILL HAVE A GREATER IMPACT THAN IN Q3.SAYS ASSESSMENT IS THAT OPERATING MARGIN IN 2018 WILL BE IN LINE WITH OR POSSIBLY SLIGHTLY HIGHER THAN OPERATING MARGIN IN 2017 EXCLUDING ONE-OFF ITEMS.SAYS ACTIVITIES WERE INITIATED IN Q1 TO OPTIMISE WORKING CAPITAL AND THUS CASH FLOW, WHICH HAD AN EFFECT IN Q2 AND Q3.SAYS THESE ACTIVITIES ARE CONTINUING, AND WORKING CAPITAL IS STILL NOT AT A SATISFACTORY LEVEL.  Full Article

Haldex Q2 operating profit rises, ups profitability forecast for 2018
Wednesday, 18 Jul 2018 

July 18 (Reuters) - Haldex AB ::Q2 NET SALES, SEK M 1,372 (1,184).Q2 OPERATING INCOME, SEK M 103 (31).Q2 OPERATING INCOME, EXCLUDING. ONE-OFF ITEMS, SEK M 103 (78).SAYS WE ARE SEEING POSSIBILITIES FOR ACHIEVING HIGHER PROFITABILITY THAN WHAT WAS PREVIOUSLY COMMUNICATED.SAYS WE BELIEVE THAT NET SALES FOR 2018 WILL INCREASE COMPARED TO 2017.SAYS GREATER INVESTMENT IN DEVELOPMENT PROJECTS AND COSTS FOR EXPANSION IN NORTH AMERICA AND CHINA WILL BURDEN INCOME.SAYS NEW ASSESSMENT IS THAT OPERATING MARGIN IN 2018 WILL BE IN LINE WITH OR POSSIBLY SLIGHTLY HIGHER THAN OPERATING MARGIN IN 2017 EXCLUDING ONE-OFF ITEMS.  Full Article

Haldex Q3 core profit drops as takeover costs linger
Wednesday, 25 Oct 2017 

Oct 25 (Reuters) - Haldex AB :Q3 ‍net sales, SEK 1,081​ mln (1,076).Haldex AB Q3 ‍operating income, excluding one-off items, SEK 68 mln (80)​.Says ‍after currency adjustments, net sales increased by 3%​.Says ‍assessment of 2017 is that it will be a year during which production volumes could exceed last year's levels​.Says ‍but with unexpected and rapid change in demand we are still in a situation where we cannot fully benefit from situation​.Says ‍our earnings forecast for 2017 has not changed​.Says ‍our ambition is to continue to ensure good profitability, but due to higher costs from takeover process, operating margin for 2017 is forecast to be slightly lower than in 2016.​.Says ‍convinced that, as we approach 2018, Haldex will be able to benefit from improved market conditions and current strategic partnerships will result in an even stronger position in market​.Says ‍upswing in demand during Q3, while positive, also resulted in higher costs​.Says ‍for example, we added more shifts in some factories and deliveries had to be rescheduled at a higher cost​.Says ‍quarter continued to be burdened by takeover process, which has diverted focus and resources​.  Full Article

UPDATE 1-ZF Friedrichshafen says held takeover talks with Wabco

* ZF Wabco have developed automated braking system for trucks (adds details, background)